Janney Montgomery Scott LLC Reduces Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Janney Montgomery Scott LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,605 shares of the transportation company’s stock after selling 595 shares during the period. Janney Montgomery Scott LLC’s holdings in Canadian Pacific Kansas City were worth $5,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CP. Millennium Management LLC boosted its stake in Canadian Pacific Kansas City by 2,685.7% in the second quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock valued at $8,773,000 after acquiring an additional 107,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Canadian Pacific Kansas City by 9.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock valued at $809,000 after acquiring an additional 919 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $513,000. Sanctuary Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $3,267,000. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $612,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.7 %

Shares of Canadian Pacific Kansas City stock opened at $78.66 on Thursday. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market cap of $73.44 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a 50-day moving average of $75.15 and a two-hundred day moving average of $79.05.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CP. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $92.63.

Get Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Company Profile

(Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.

Further Reading

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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